{"id":16892,"date":"2021-04-16T13:57:15","date_gmt":"2021-04-16T08:27:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/raghuveer-metal-industries-ltd-v-dcit-2020-185-itd-482-jaipurtrib\/"},"modified":"2021-04-16T13:57:15","modified_gmt":"2021-04-16T08:27:15","slug":"raghuveer-metal-industries-ltd-v-dcit-2020-185-itd-482-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/raghuveer-metal-industries-ltd-v-dcit-2020-185-itd-482-jaipurtrib\/","title":{"rendered":"Raghuveer Metal Industries Ltd. v. DCIT (2020) 185 ITD 482 (Jaipur)(Trib.)"},"content":{"rendered":"<p>Assessee was engaged in manufacturing and trading of TMT bars.\u00a0 During course of search, Directorate General of Central Excise Intelligence (DGCEI) found that assessee was indulged in evasion of Central Excise duty by resorting to clandestine manufacture and clearance of finished goods. Assessing Officer, on basis of aforesaid finding of DGCEI, made an addition on account of undisclosed investment in stock and another addition on account of profit on sales of undisclosed stock. CIT(A) upheld addition.\u00a0 Tribunal held that CESTAT\u00a0 had set aside whole demand raised against assessee. Accordingly the addition was deleted. (AY. 2010-11,, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69B : Amounts of investments not fully disclosed in books of account-Investment in stock-Finding based on search conducted by DGCI-Order set aside by CESTAT-Addition was to be deleted.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-16892","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4os","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16892"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16892\/revisions"}],"predecessor-version":[{"id":16893,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/16892\/revisions\/16893"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=16892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}